Loss of rent insurance

If the property you let becomes uninhabitable due to an insured event, such as a fire or flood, your livelihood could be at risk. Find out how you can safeguard your income with our loss of rental income insurance.

What is loss of rent insurance?

Loss of rent insurance covers the money you would lose, as a landlord, if your property becomes uninhabitable due to an insured event (e.g. a fire or flood) and your tenants are forced to move out. Loss of rent insurance enables you to claim back the lost income.

Loss of rent insurance is an optional cover type that you can add to your landlord insurance policy for an additional premium.

If you wish to cover unpaid rent while your tenant or ex-tenant is still in your residential property, you can add Rent Guarantee as part of our legal expenses cover.

How do I get loss of rent insurance?

Loss of rent insurance at Direct Line is called loss of rental income insurance. You can add this to your residential, commercial or multi-property landlord insurance policy, for an extra layer of cover.

You can take up loss of rental income when you start your policy with us or, if you already have landlord insurance with Direct Line, you can add loss of rental income at any point during the policy term.

What are the benefits of loss of rent insurance?

When you rely on rent paid by your tenants to cover your own bills, it's important to make sure that the properties you let remain in good working order, but sometimes things happen that are outside of your control.

If your property becomes damaged by a storm, for example, your tenants could be forced to move themselves or their business elsewhere.

As a landlord, you may not be contractually obliged to provide alternative accommodation if your property becomes uninhabitable. However, if your tenants move out, you would lose out on rental income. Having loss of rent insurance in place means you won't be left out of pocket.